G
Guest
·The Grinch Who Stole Student Loans
Washington, DC- This morning the Republican-led Senate voted to cut
over $12 billion in student loans from the federal budget, the largest
cut to student aid in history. The controversial 51-50 vote was sealed
by none other than Vice President Cheney who cut short a trip to the
Middle East to cast the tie-breaking vote. The final bill was so
controversial that five Republicans broke rank to vote with every
single Democrat in opposition to the bill.
Republicans claim the bill will balance the budget, but the bill would
in fact add to the already huge deficit that they are leaving to the
next generation to pay. Although Republicans claim that the budget is
strapped for cash, they still plan to pass huge new tax cuts for the
wealthiest Americans-using student loan funding to pay for it. The
$12 billion cut was part of a larger $40 billion package which also cut
Medicaid and food stamps.
"Before going home for the holidays, Senate Republicans joined their
Republican House colleagues in leaving college kids out in the cold in
order to give gifts to their rich pals," said College Democrats
President Grant Woodard. "This is akin to parents stealing their kid's
Christmas presents and then sending them the bill. Together, America
can do better than a Congress that passes their debts to the next
generation while cutting funding for education. Republicans should join
Democrats in working to provide a better future for America's youth."
Washington, DC- This morning the Republican-led Senate voted to cut
over $12 billion in student loans from the federal budget, the largest
cut to student aid in history. The controversial 51-50 vote was sealed
by none other than Vice President Cheney who cut short a trip to the
Middle East to cast the tie-breaking vote. The final bill was so
controversial that five Republicans broke rank to vote with every
single Democrat in opposition to the bill.
Republicans claim the bill will balance the budget, but the bill would
in fact add to the already huge deficit that they are leaving to the
next generation to pay. Although Republicans claim that the budget is
strapped for cash, they still plan to pass huge new tax cuts for the
wealthiest Americans-using student loan funding to pay for it. The
$12 billion cut was part of a larger $40 billion package which also cut
Medicaid and food stamps.
"Before going home for the holidays, Senate Republicans joined their
Republican House colleagues in leaving college kids out in the cold in
order to give gifts to their rich pals," said College Democrats
President Grant Woodard. "This is akin to parents stealing their kid's
Christmas presents and then sending them the bill. Together, America
can do better than a Congress that passes their debts to the next
generation while cutting funding for education. Republicans should join
Democrats in working to provide a better future for America's youth."